435 NE Evans St - Office FOR SALE


Mcminnville, OR 97128
$4,500,000 USD
503-222-0282
435 NE Evans St, Mcminnville, OR for Sale
$4,500,000 USD
Office - FOR SALE
1/40
null | Request Cap Rate

435 NE Evans St
Mcminnville, OR 97128


HIGHLIGHTS

  • Full remodel & rehab in 2017
  • Ultra energy efficient heating/cooling, windows and systems
  • Full NNN
  • Upside - leases trailing market

OVERVIEW

Fully restored and renovated historic downtown McMinnville NNN, multi-tenant office building presents a compelling investment opportunity characterized by stable, 100% occupancy. Significantly renovated down to the concrete and studs in 2017, this property features all-new, ultra-efficient systems, including energy-saving windows, modern Daikin mini-split HVAC units, cost-effective LED lighting, a comprehensive alarm and camera system all under a brand-new, durable 50-year PVC roof. All major systems are entirely replaced, including new above and underground plumbing and electrical infrastructure. 7 on-site parking spots and additional public parking garage across the street. The full triple-net (NNN) lease structure ensures a streamlined management experience with all operating expenses, including the low maintenance costs associated with the new systems, being fully absorbed by the tenants. Investors will appreciate the upside market rental rates, along with the benefit of primary tenancies generating tax-exempt income. Seller willing to carry with attractive terms and large down payment.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$307 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

C3

APN/PARCEL ID

159651

ASK ABOUT THIS PROPERTY

Cory CarlsonConstant Commercial Real Estate IncMore Info
503-222-0282

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Cory CarlsonConstant Commercial Real Estate IncMore Info
503-222-0282

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.